A company’s reporting strategy provides the foundation for a robust and mature information management program designed to deliver timely, relevant and actionable information to the company’s management in order to make sound decisions when executing the corporate strategy. Regrettably, most companies have have an incomplete reporting strategy, not having considered all of the dimensions required to produce a mature reporting environment.
A mature reporting strategy is based on six levers:
- Corporate Strategy,
- Information Management,
- Process Management,
- Organizational Alignment,
- Reporting Governance, and
- Technology Enablement
These six levers work together to effective drive a company’s information management program. Managed as a strategic asset, the information generated and reported to a company’s management group will yield valuable and actionable insights. All of these levers must be incorporated into the reporting strategy in order to yield the most effective reporting environment. In future posts, I'll delve into each of these dimensions to show how a company can establish and maintain a robust and mature reporting environment.